Maxim Group Downgrades Capnia Inc (CAPN) to Hold
Capnia Inc (NASDAQ:CAPN) was downgraded by equities researchers at Maxim Group from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Shares of Capnia (NASDAQ:CAPN) traded up 3.09% on Wednesday, hitting $1.00. The company had a trading volume of 10,187 shares. The firm’s 50 day moving average price is $0.97 and its 200-day moving average price is $1.06. The stock’s market capitalization is $15.76 million. Capnia has a 52 week low of $0.80 and a 52 week high of $2.20.
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Capnia, Inc is a healthcare company that develops and commercializes diagnostics, devices and therapeutics addressing unmet medical needs. The Company also has a therapeutics platform based on its technology for precision metering of gas flow. Its first commercial product, CoSense End-Tidal Carbon Monoxide (ETCO) Monitor, aids in the detection of excessive hemolysis, a condition in which red blood cells degrade rapidly.
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